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now is paul, president of heritage capital, and, paul, great to have you on the program. i know you heard phil's report on how the commodities markets react, and, yesterday, it seemed like investors were nervous, then calm, and, perhaps today they are nervous because maybe it's not just an isolated incident. maybe there will be a ripple effect more than anticipated. is it time? can you put it in the rearview mirror? >> we heard from the -- the last couple years, whatever it takes, they save the euro. whatever it takes. they are not going to have to load a revolver to save cypress, if they even want to. i think cypress is a one often. there's a lot of air in the markets. up roughly 10% on the year in equity, so, of course, any possible reason to pull some profits off the table, people are going to do that. >> right, right, and i think you hit the nail on the head. any little reason at all. we had a run on the dow, and now three days of losses. could this just be like an excuse to run for the exits? where do you think we are in the equity market cycle? >> well, i don't think anyone's
tax brackets. you are calling for two. paul ryan and his budget calling for two. washington seems to not be able to make this happen. what's going to change? >> well, the house of representatives just passed the ryan budget. as you say, the tax reforms takes us to to rates. core rate, 25%. the balance without raising taxes. every pound and it tells you, the only way to balance the budget, the only way to reform government is to have tax increases in the makes. this is actually squared by cbo and joint tax to be a sound budget. it passed the house of representatives. we are getting today is of the senate will vote on a budget. they have not done that and over 1400 days, for use at is the beginning of the senate getting their act together the democratic senate has not been doing its job for more than four years now. cheryl: all right. let me like a couple of things with you. in particular, i think this is important and we have graphics to back this up. if you look at the tax structure and the population that are paying taxes and those that are not, the bottom 20 percent don't pay an
to the downside. connell: going to breaking news out of washington with the house approving congressman paul ryan budget. cheryl: peter barnes is live from capitol hill with more. peter: the members of the house are now popping out of town like a pack of easter bunnies. they have approved paul ryan's budget that would balance over the next ten years. let's start with the continuing resolution to keep the government open for the rest of the year. it does not stop the sequester, but does give the pentagon the way to implement them. this would repeal obamacare to save about $1.5 trillion. it would budget additional spending cuts totaling about 5 trillion over ten years. this is just a blueprint. it is dead on arrival over in the senate. now, the president will be releasing his budget sometime next month. two months late one republic leader noted in this air of arch madness. >> we still have no budget from the president in violation of the law. he gets his ncaa bracket in on time, but still no budget. this is the fourth time. >> it is founded on the failed idea that giving another round of tax cuts w
the supreme court to rule on constitutionality. there was a case last year in st. paul, minnesota, a case pending before the supreme court, would have given the court a chance to take a shot at the desperate impact and whether or not it's constitutional, and there's some evidence that justice got involved and persuaded the city to withdrawal the case. i think chuck grassley wants to ask about that, and i hope the senate delves in. dagen: could be an exciting confirmation process for a labor secretary. >> deservedly so. dagen: than seen in the past. what else should they ask about perez's background? >> well, it's -- i think he's emblematic of and administration thatments to use the rule of law selectively to help some people instead of others and use statistics selectively. for example, the same statistics that show blacks receive loans at lower rates than whites, show whites receive them lower than asians. no one accuses banks of antiwhite or show black banks deny blacks home loans at higher rates, and so you can't -- if you want to use statistics, you can't use them selectively, and the
. congressman paul ryan's budget proposal of the only one of the bills is expected to make it to the president's desk. peter barnes is with us with the late e. at least they did something, peter? >> now they have hopped out of the town for the easter recess. the house, passing that continuing budget resolution to keep the government funded through the end of the fiscal year in september, avoiding a government shutdown. that one headed to the president's desk for signature. the house also approved on party-line vote paul ryan's republican budget that cuts $4.6 trillion in part by repealing obamacare. republicans calling out the president today for delaying his budget until next month. it's budget march mad mess in washington. >> we still have no budget from the president in violation of the law of the he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years of the he set a new record this year. two months with no plan. >> but the ryan budget is dead on arrival in the senate. >> it's not the right mix. yes, we need to balance our budget but we also need a bu
to paul states in the u.s.? former nfl quarterback drew bledsoe will be here. he is calling and interference. that is coming up. tracy: the dow is down about 109 points. take a look at your currencies. we will be right back. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your fe upside down. >> hi. >> hi. u know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announc: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacd. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you after
is trying to do that now, connell. reaching out to the public senators and paul ryan. we made a deal on the but with newt gingrich. the same thing needs to be done now. dagen: something really struck me. i do not mean to harp on it. the average american wakes up in the morning, you tell me how he feels or she feels that deficit with the daily impact. you kind of hurt that a little bit and what the president living in that abc news interview as well. is that a new track for the democrats. >> first, they went too far with the fears of armageddon. the democrats overplayed their hand. on the other hand, it is the case that the ordinary american is in having a better life in their parents. they are worried about reform plans. they are uncertain and they are nervous. dagen: $17 trillion debt, the average american is not having the impact on the lives. >> i am disagreeing. the democrats overplayed their hand with fear. we have tepid economic growth. we are not seeing the revitalization of the economy on main street. connell: regular people -- >> so-called great rotation into stocks from bon
, 2013, to bring undo that bracket. seven brackets we have going on right now. paul ryan wants two. don't think he will get that i asked him about that, what are the deductions, how is this working? here's what he had to say. >> one of the other complexities introduced on that fiscal cliff tax bill was the introduction of what we call the ps provision, which limits your overall deductions, state and local tax deductions and other deductions will be limited. so now you have to go back to your accountant and figure out, well, if i, if i do this deduction, will it be limited in some fashion? >> hence the idea, again uping charitable donations for this year, or, other issues. i mean you've got to remember you have the obamacare tax, the medicare tax. that is kicking in this year. that is affecting tax-filers this year and next. and amt. think about what amt does to people in high net worth states, new york, new jersey, connecticut, california, illinois. these are states where you have higher incomes, hence more of those middle class, middle class, firefighter in staten island with the famil
Search Results 0 to 7 of about 8